Currently, it operates F-15SG Strike Eagle aircraft conducting formal training missions to qualify Republic of Singapore Air Force crew in the F-15SG in a program titled Peace Carvin V. The squadron was first activated during World War II and served in the European Theater of Operations under the 474th Fighter Group, where it earned the Distinguished Unit Citation.

It trained with the P-38 over the Mojave Desert, moving to the European Theater of Operations, and was assigned to Ninth Air Force in England during March 1944.

It operated out of Warmwell, Britain, and Saint Lambert, St. Marceau, and Peronne, France, Florennes, Belgium, and Strassfeld, Langensalza, Schweinfurt, and Stuttgart, Germany during and immediately after the war in 1945.

Subsequently it conducted armed reconnaissance missions after D-Day and attacked highways and troops to support the Allied breakthrough at St Lo.

From Kunsan the squadron bombed and strafed bridges, bunkers, troop concentrations, artillery positions, and a host of other enemy targets.

It maintained proficiency in tactical fighter operations, deploying components, aircraft, and crews on a global basis in support of NATO, PACAF, AAC, and other organizations.

Six 428th TFS Harvest Reaper F-111As were allocated to Combat Lancer under "Detachment 1"[9]: 38  under the command of Colonel Ivan H. Dethman, and they departed Nellis for Takhli Royal Thai Air Force Base on 15 March 1968.

[9]: 38  F-111 combat operations began on 25 March using the aircraft's unique terrain following radar (TFR) capability to conduct surprise night deep interdiction strikes.

Aircraft 66022, call sign Omaha 77, was lost on 28 March with the loss of the crew, Colonel Hank McCann and Captain Dennis Graham.

On 30 March, the crew of Major Sandy Marquardt and Captain Joe Hodges in aircraft 66017, Hotrod 73, successfully ejected and was recovered uninjured in Thailand.

In March 1973 it was reassigned to the 347th Fighter Wing and deployed back to Takhli, this time being placed on permanent party status in Thailand, taking over the aircraft the 430th TFS had left upon its return to the United States.

Reactivated at Cannon Air Force Base, New Mexico on 2 April 1990 as an F-111G Formal Training Unit squadron for the 27th Tactical Fighter Wing.

Received F-111Es in June 1992 as a result of the retirement of the F-111s from United States Air Forces Europe, the aircraft being transferred to Cannon from RAF Upper Heyford, England, upgrading the 27th Fighter Wing.

Reactivated in May 2009 at Mountain Home Air Force Base, Idaho as a F-15SG Strike Eagle fighter training squadron, part of the Peace Carvin V program for the RSAF.